As it stands right now, individual states are free to prohibit or practice gambling of their borders while significant rules and limits are placed on interstate which activity. In recent years, online video games has seen harsher restrictions. With the Unlawful World wide web Gambling Enforcement Act of 2006 (UIEGA), it was not explicitly banned but instead it had been online financial transactions which were outlawed. This meant that all online financial transactions from gambling service providers were now illegal which led to various offshore gambling operators excluding US buyers from their services.
Existing in this lawful grey area, it is no more a question of if online gambling will key in the US market but when as well as perhaps how. As recently as this month, three claims contain legalized online gambling and intend to begin offering bets by the end of this year. Naturally, a gaming company in Las Vegas known as Ultimate Gaming was the first to offer online poker but also for now restricting it to just players in Nevada. New Jersey and Delaware also have legalized online gambling therefore far ten other states are considering legalizing it in a few form or another.
Frank Fahrenkopf, president of the American Video games Association has said that “Unless there exists a federal bill passed, we will have the best expansion of legalized gambling in the United States. I don’t believe that’s what anyone intended, but it is what we’re experiencing.” This poses a great deal of questions and of course concerns for many existing commercial casinos along with American policy makers. Will legal online gambling mean fewer persons in offline casinos? Will this develop a new way to obtain revenue at the state and national level? What about 1Win and regulations? An increase in gamblers?
Lots of people including Arnie Wexler, past chairman of New Jersey’s Council On Compulsive Gambling has voiced concern that with all the current good this could do to generate income and revenue for particular person states there may be problems with a rise in compulsive gambling. There’s particular concern regarding social media in the US as some areas like Zynga have already begun taking real-money bets.
Taking in mind all the questions and concerns, many hotel casinos are already making plans to expand into online gambling to check their bodily casinos. Geoffrey Stewart, general manager of Caesars Online Poker has said “Like any business, you’re always looking for what is the next distribution channel.”